Get your taxes done using TurboTax

It depends. If it was from gambling then you would type that description. If it was from another reason you would type the description that best describes it.  The next screen will ask about uncommon situations, for gambling you would select 'prize winnings'. This entry will not ask about your losses. 

The correct way to enter gambling winnings would be to use the steps below.

Yes, every dollar you win is a taxable event for your federal tax return and possibly your state return.

• IRS Topic 419 Gambling Income and Losses

Enter the gambling winnings using the steps below.

1. Sign into your TurboTax Online/Mobile or TurboTax Desktop account
2. Select Tax Home  (on the left) > Income & Expenses > Less Common Income > Gambling Winnings > Start
   1. TurboTax Desktop start with Income > Less Common Income > Gambling Winnings
3. Follow the screen prompts based on your situation (reporting document or none)
4. Be prepared with your gambling losses as well but they may or may not affect your tax return.  If you itemize deductions it could help.
   1. Can you Claim Gambling Losses on your Tax Taxes?

You can delete the 1099-MISC if you use the steps above so that it's not duplicated:

• If you're using TurboTax Online software and need to delete a form, click here.
• If you're using TurboTax Desktop software and need to delete a form, click here.

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